Thomas Plantenga on taking Vinted from near bankruptcy to a €5 billion valuation

Thomas Plantenga on taking Vinted from near bankruptcy to a €5 billion valuation

Author: JBM, James Mitra October 29, 2025 Duration: 48:04
Today’s 40 Minute Mentor is Thomas Plantenga, the CEO of Vinted - Europe’s largest secondhand marketplace and Lithuania’s first-ever unicorn.  What started as a small Lithuanian startup in 2008 has evolved into a fast-growth business with millions of users, 2,000+ employees and a €5 billion valuation.  In today’s conversation, Thomas shares the ins and outs of his journey with Vinted, how it became such a global success, the biggest leadership lessons he learnt along the way and what’s next for the business with the launch of Vinted Ventures.  If you’re a founder or operator navigating scaleup challenges, this episode is a masterclass in turnaround strategy, culture building and leading with humility.  📚Episode Chapters: ➡️ Early years & the call that changed everything  [07:30] ➡️ Realising Vinted was in trouble [16:00]  ➡️ Spotting the first signs of growth [20:00]  ➡️ The hardest leadership lessons [23:00]  ➡️ The art of hiring at scale & psychological safety [27:00]  ➡️ Launching Vinted Ventures [36:40]  🔍 Find out more:  ✨ Connect with Thomas: https://www.linkedin.com/in/thomas-p-19651414/?originalSubdomain=lt  ✨ More about Vinted: https://www.vinted.co.uk/  ⭐ Enjoyed this episode? ⭐️ Keep up to date with all our latest episodes by hitting the subscribe button on your favourite podcast platform. And for any feedback on what you enjoy the most and ideas on what we can do to make 40 Minute Mentor even better, please leave us a review at https://ratethispodcast.com/40mm Learn more about your ad choices. Visit megaphone.fm/adchoices

Ever wondered what a conversation with a truly groundbreaking founder or an elite performer actually sounds like? 40 Minute Mentor captures exactly that, offering intimate, structured dialogues designed to unpack the real journeys behind extraordinary success. Hosted by James Mitra, this podcast operates on a simple but powerful premise: profound insight doesn't require hours of your time. Each episode is a focused, forty-minute session with a different leader, from purpose-driven entrepreneurs building unique companies to Olympic athletes who have mastered their craft. The conversations move beyond theory, delving into the pivotal decisions, personal challenges, and practical lessons that have shaped their paths. You'll hear not just about their triumphs, but the resilience required during setbacks, providing a honest look at what building a brilliant career or venture genuinely entails. As one of the UK's prominent business podcasts, it serves as a direct source of mentorship, aiming to elevate ambitions by sharing these powerful career narratives. Tune in for a regular dose of inspiration and actionable wisdom, all within the span of a single commute or workout.
Author: Language: English Episodes: 100

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